Special Opportunities Fund, Inc. (NYSE:SPE) Declares $0.09 Monthly Dividend

Special Opportunities Fund, Inc. (NYSE:SPEGet Free Report) announced a monthly dividend on Tuesday, September 19th, Wall Street Journal reports. Shareholders of record on Monday, November 20th will be paid a dividend of 0.0867 per share by the closed-end fund on Thursday, November 30th. This represents a $1.04 dividend on an annualized basis and a yield of 9.29%. The ex-dividend date of this dividend is Friday, November 17th.

Special Opportunities Fund has raised its dividend by an average of 27.9% annually over the last three years.

Special Opportunities Fund Price Performance

SPE traded down $0.13 during midday trading on Tuesday, reaching $11.20. The company’s stock had a trading volume of 20,167 shares, compared to its average volume of 25,157. Special Opportunities Fund has a 1 year low of $10.37 and a 1 year high of $12.37. The stock’s 50-day moving average is $11.41 and its 200-day moving average is $11.13.

Institutional Investors Weigh In On Special Opportunities Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of SPE. NewEdge Advisors LLC purchased a new stake in shares of Special Opportunities Fund during the second quarter valued at approximately $145,000. Susquehanna International Group LLP purchased a new stake in shares of Special Opportunities Fund during the fourth quarter valued at approximately $157,000. Private Advisor Group LLC bought a new position in Special Opportunities Fund during the first quarter valued at approximately $158,000. SkyView Investment Advisors LLC bought a new position in Special Opportunities Fund during the first quarter valued at approximately $191,000. Finally, Bank of Montreal Can bought a new position in Special Opportunities Fund during the first quarter valued at approximately $202,000. Hedge funds and other institutional investors own 31.93% of the company’s stock.

Special Opportunities Fund Company Profile

(Get Free Report)

Special Opportunities Fund, Inc is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC. It invests in close-ended funds investing in public equity and fixed income markets. The fund employs a combination of value, opportunistic and special situations strategies to make its investments.

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Dividend History for Special Opportunities Fund (NYSE:SPE)

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